$BTC Price Forecast: Top Bull & Bear Scenarios to Watch - CoinPedia Analytics

Bitcoin has dropped 2.20% to around $55,900, hitting its lowest point in a month with a market cap of $1.10 trillion. According to BitcoinSensus, two patterns on the daily chart could influence its next move: a bearish scenario could see a drop to $44,000, while a bullish triangle formation may keep prices above $48,888.

Chart expert Ali Martinez also warned of a potential crash if Bitcoin fails to hold the $51,000 support level, which could trigger a drop to $40,600. Liquidations of $38.35 million over the past 24 hours highlight the current pressure on the market.